Ames National Full Year 2024 Earnings: EPS: US$1.14 (vs US$1.20 in FY 2023)

Ames National (NASDAQ:ATLO) Full Year 2024 Results

Key Financial Results

• Revenue: US$54.2m (up 3.7% from FY 2023).
• Net income: US$10.2m (down 5.5% from FY 2023).
• Profit margin: 19% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.14 (down from US$1.20 in FY 2023).

ATLO Banking Performance Indicators

• Net interest margin (NIM): 2.22% (up from 2.20% in FY 2023).
• Cost-to-income ratio: 76.6% (up from 74.6% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ames National shares are up 2.0% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ames National (at least 1 which is potentially serious), and understanding them should be part of your investment process.

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